Bitcoin (BTC) • Drunken Range Update
Hi everyone.
Hope you all managing well with utter patience through this absolute obnoxious trading range.
As we trade at these range lows my immediate assumption is that we mark up at any given point.
However we still have funding flip-flop and currently positive which is not good towards the bull case.
In the video I walk through the process on how that could possible happen and what levels to look for but how it should behave.
Chances we pay a visit into the lows then bounce. I also discuss the case where that doesn't happen and how to probably play for it.
Remember is not just about price hitting the level but how it hits and what other contexts at any given time we should be paying attention to.
Hope you all managing well with utter patience through this absolute obnoxious trading range.
As we trade at these range lows my immediate assumption is that we mark up at any given point.
However we still have funding flip-flop and currently positive which is not good towards the bull case.
In the video I walk through the process on how that could possible happen and what levels to look for but how it should behave.
Chances we pay a visit into the lows then bounce. I also discuss the case where that doesn't happen and how to probably play for it.
Remember is not just about price hitting the level but how it hits and what other contexts at any given time we should be paying attention to.
D7R
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.